Search Results

Showing results 1 to 10 of approximately 418.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Taxation 

Working Paper
Ricardian equivalence under income uncertainty

Working Papers , Paper 92-6

Working Paper
Catching with the Keynesians

This paper examines the role for tax policies in productivity-shock driven economies with "catching-up-with-the-Joneses" utility functions. The optimal tax policy is shown to affect the economy counter-cyclically via procyclical taxes, i.e., "cooling down" the economy with higher taxes when it is "overheating" in booms and "stimulating" the economy with lower taxes in recessions to keep consumption up. Thus, models with catching-up-with-the-Joneses utility functions call for traditional Keynesian demand management policies. Parameter values from Campbell and Cochrane (1995) are also ...
Working Paper Series, Macroeconomic Issues , Paper WP-96-15

Journal Article
Around the Fed: What prolonged the Great Depression?

Related link(s): https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2009/spring/around_the_fed_weblinks.cfm
Econ Focus , Volume 13 , Issue Spr , Pages 13

Report
Why do Americans work so much more than Europeans?

Americans now work 50 percent more than do the Germans, French, and Italians. This was not the case in the early 1970s when the Western Europeans worked more than Americans. In this paper, I examine the role of taxes in accounting for the differences in labor supply across time and across countries, in particular, the effective marginal tax rate on labor income. The population of countries considered is that of the G-7 countries, which are major advanced industrial countries. The surprising finding is that this marginal tax rate accounts for the predominance of the differences at points in ...
Staff Report , Paper 321

Journal Article
Earned income tax credit recipients: income, marginal tax rates, wealth, and credit constraints

The Earned Income Tax Credit (EITC) has evolved into the largest anti-poverty program in the United States by providing tax credits for low and moderate income working families. In this paper, we describe the characteristics of EITC recipients at various ages using Current Population Survey data. In addition, we discuss the relevance of the EITC in affecting marginal income tax rates in the United States and discuss the effects of the EITC on household labor supply decisions. Lastly, using data from the Survey of Consumer Finances, we estimate wealth distributions for EITC recipients and ...
Economic Quarterly , Volume 96 , Issue 3Q , Pages 229-258

Report
Comment on Mendoza and Tesar's \\"Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU\\"

With a monetary union in place, many European countries are now debating if and how to coordinate their tax policies. Of particular interest to EU ministers is taxation of mobile factors like capital. Mendoza and Tesar (MT) use a game-theoretic approach to address the question, What is the outcome of tax competition and tax coordination when countries choose the tax on capital income and adjust other tax rates to keep revenues constant? MT predict very large welfare gains (losses) to tax competition for European countries that had high (low) tax rates prior to financial integration. In ...
Staff Report , Paper 348

Journal Article
Tax and spending incentives and enterprise zones

Firm-specific incentives and enterprise zones are the two most rapidly growing weapons in states' and localities' competitive arsenal. What incentives have states and localities adopted, which of these incentives are spreading, and what are the prominent successes and failures? What has been the experience with "clawback" provisions, assurances from recipients that they will actually create the jobs and other economic benefits they promise?
New England Economic Review , Issue Mar , Pages 109-138

Working Paper
Tax competition and tax harmonization with evasion

We examine a two-jurisdiction tax competition environment where local governments can only imperfectly monitor where agents pay taxes and risk-averse individuals my choose to cross borders to pay lower taxes in a neighboring location. ; In the game between local authorities, when communities differ in size, in equilibrium the smaller community sets lower taxes and attracts agents from the larger jurisdiction. With identical communities, tax rates must be equal. Whenever the smaller community benefits from tax harmonization, the larger one will also. ; If the high-tax community chooses a ...
Working Papers , Paper 2002-015

Working Paper
Risky human capital and deferred capital income taxation

We study the structure of optimal wedges and capital taxes in a Mirrlees economy with endogenous skills. Human capital is a private state variable that drives the skill process of each individual. Building on the findings of the labor literature, we assume that human capital investment is a) risky, b) made early in the life-cycle, and c) hard to distinguish from consumption. These assumptions lead to the optimality of a) a human capital premium, i.e., an excess return on human capital relative to physical capital, b) a large intertemporal wedge early in the life-cycle stemming from the lack ...
Working Paper , Paper 06-13

Working Paper
The effects of interest rates and taxes on new car prices

Utilizing the Consumer Expenditure Survey and state-level variation in taxes, this study finds that prices for most models of new cars shift by more than the amount of a sales tax. The evidence of an overshifting of prices offers support for the recent models of tax incidence in imperfectly competitive markets. The results also suggest that changes in the after-tax interest rate have offsetting effects on new car prices; a one percentage point increase in the after-tax real interest rate will prompt, on average, a mark-down of $106.
Finance and Economics Discussion Series , Paper 1997-38

FILTER BY year

FILTER BY Series

Working Papers 64 items

Finance and Economics Discussion Series 32 items

New England Economic Review 26 items

Staff Report 20 items

Business Review 19 items

Review 18 items

show more (59)

FILTER BY Content Type

Journal Article 200 items

Working Paper 152 items

Report 33 items

Conference Paper 13 items

Discussion Paper 10 items

Newsletter 6 items

show more (3)

FILTER BY Author

Tannenwald, Robert 11 items

Wilson, Daniel J. 11 items

McGrattan, Ellen R. 8 items

Croushore, Dean 7 items

Garrett, Thomas A. 7 items

Garriga, Carlos 7 items

show more (394)

FILTER BY Jel Classification

H55 4 items

E62 3 items

I13 3 items

E24 2 items

H20 2 items

H25 2 items

show more (22)

FILTER BY Keywords

Taxation 418 items

state finances 39 items

Fiscal policy 33 items

Income tax 23 items

Revenue 21 items

Inflation (Finance) 19 items

show more (241)

PREVIOUS / NEXT